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You won the lottery. You will receive $ 1 , 0 0 0 monthly payments for the next 5 years, with the first payment to
You won the lottery. You will receive $ monthly payments for the next years, with the first
payment to be received today. If the interest rate is compounded quarterly, what is the future value
of this payment stream?
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
